FAQs – 2018/19 insurance renewal
Search for frequently asked questions on LPLC 2018/19 insurance renewal. Click on the question below to view answer.
Please email bernie@lplc.com.au to send you the required information.
Yes. If the non-equity partner holds a principal practising certificate and is held out as a partner of the firm a full contribution is due.
No. You only pay for an employee with a current practising certificate. If a trainee or graduate solicitor does not have a current practising certificate no contribution is due.
Yes. A premium contribution is required for an employee solicitor who leaves after the assessment date.
You do not pay a premium contribution for any employee solicitor with a current practising certificate you employ after the assessment date.
If the employee solicitor works more than 21 hours per week a full premium contribution is due.
If the employee solicitor works 21 hours per week or less and receives less than $80,000 remuneration per annum a half premium contribution is due.
Once you have logged in to renew online and entered your details, your concessional premium will be calculated.
If you intend to practice as a locum, you should take out a full practising certificate and apply for a reduced premium contribution if your estimated earnings (excluding earnings in a true temporary locum tenens situation where you are replacing a principal or employee practitioner during temporary absence) are below $132,000 per annum.
No. Your firm number* will remain the same but you will receive a new renewal code in the mail with your 2017/18 insurance renewal information.
* Please note the firm number remains the same each year – it is only the renewal code that changes.
Yes. A legal consultant with a current practising certificate is classified as an employee for insurance purposes so a premium contribution is due.
Thursday 31 May 2018.